Recourse

Domain ID

Definition

Variables defined on the domain

Members

Member ID

Name

Definition

0

Not applicable

1

Recourse

Instrument on which the creditor has the right to seize the debtor's assets other than any protection pledged to secure the instrument, or, in the case of trade receivables, the right to collect the debt from the entity that sold the receivables to the creditor.

2

No recourse

Instrument on which the creditor does not have the right to seize the debtor's assets other than any protection pledged to secure the instrument, or, in the case of trade receivables, the right to collect the debt from the entity that sold the receivables to the creditor.